23 Newgate Street Bishop Auckland County Durham DL14 7HZ

23 Newgate Street
Bishop Auckland
County Durham
DL14 7HZ

Freehold Town Centre Retail Opportunity

Approximately 18,424 sq ft (Gross Internal Area)
Large footprint (former variety/discount store) with prominent frontage opposite The Newgate Centre
Low Capital Value per sq ft (circa. £14 per sq ft on Guide Price)
Nearby occupiers include Boots the Chemist, Peacocks, WHSmith, Card Factory, Lloyds Bank and adjacent to HSBC Bank
Of interest to developers, investors and owner occupiers with possible change of use
opportunities (subject to consents)

Lot
113
Auction
18th October 2018
Vacant Possession
Status
Sold Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Town Centre Retail Opportunity

Approximately 18,424 sq ft (Gross Internal Area)
Large footprint (former variety/discount store) with prominent frontage opposite The Newgate Centre
Low Capital Value per sq ft (circa. £14 per sq ft on Guide Price)
Nearby occupiers include Boots the Chemist, Peacocks, WHSmith, Card Factory, Lloyds Bank and adjacent to HSBC Bank
Of interest to developers, investors and owner occupiers with possible change of use
opportunities (subject to consents)

Lot 113
Auction 18th October 2018
Vacant Possession
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 11 miles south of Durham; 24 miles north-west of Middlesbrough
Roads: A688, A689
Rail: Bishop Auckland Railway Station
Air: Durham Tees Valley Airport

Situation

The property is situated on the eastern side of the pedestrianised section of Newgate Street, opposite the Newgate Shopping Centre. Newgate Shopping Centre has retailers including Wilko, Greggs and Argos, with other nearby occupiers including Boots the Chemist, Peacocks, WHSmith, Card Factory, HSBC and Lloyds banks.

Tenure

Freehold.

Location

Miles: 11 miles south of Durham; 24 miles north-west of Middlesbrough
Roads: A688, A689
Rail: Bishop Auckland Railway Station
Air: Durham Tees Valley Airport

Situation

Tenure

Freehold.

Description

The property comprises a large ground floor shop with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

EPC

Description

The property comprises a large ground floor shop with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

EPC

Tenancy & Accommodation

Floor	Use	Gross Internal Floor Areas (Approx)		Possession
Ground First Second	Retail/Ancillary Ancillary Ancillary	874.50 sq m 623.30 sq m 213.90 sq m	(9,413 sq ft) (6,709 sq ft) (2,302 sq ft)	VACANT
Total		1,711.70 sq m	(18,424 sq ft)